šØš TECHNICAL ANALYSIS REPORT: $DOGE /USDT ššØ
The 4-hour chart for DOGE/USDT reveals a strong bullish movement with a significant upward rally. However, the price is currently pulling back slightly after touching a local high.
Current Price: 0.2626
š” Critical Levels to Watch:
Immediate Resistance: 0.2978 ā The highest level touched in the past 24 hours, acting as a strong resistance barrier. A breakout above this level could fuel more bullish action.
Key Support Level: 0.2504 ā A crucial support zone that could indicate potential rebound if the price tests it.
Lower Support: 0.2087 ā The 24-hour low and a strong support level; a breakdown here could indicate a bearish reversal.
š Short Trade Signal:
Entry: 0.2600 (if price shows consistent downward momentum)
Stop-Loss: 0.2750 (protects against sudden reversals)
Targets:
First Target: 0.2504 ā Watch for potential hold or bounce.
Second Target: 0.2350 ā Deeper correction level.
Third Target: 0.2087 ā Critical support zone.
š Long Trade Signal:
Entry: 0.2650 (after confirmed upward push)
Stop-Loss: 0.2450 (to limit downside risk)
Targets:
First Target: 0.2800 ā Psychological level and near-term resistance.
Second Target: 0.2978 ā Previous high and breakout level.
Third Target: 0.3053 ā Possible new peak if the bullish trend continues.
Indicators and Key Points:
White Indicators: Highlight resistance and support zones.
Green Indicator: Shows potential bullish continuation beyond resistance.
Red Indicator: Indicates caution if price drops below key support levels.
ā ļø Cautionary Note:
Monitor trading volume and price action for confirmation before entering positions. Sudden volatility is common in DOGE trades.
